§ 32-5b-1-3

32-5B-1.3. Licensing and titling of used vehicle by dealer--Payment of tax by subsequent purchaser.A licensed motor vehicle dealer may license a used motor vehicle which is part of his inventory. If the dealer licenses the motor vehicle, he shall title the motor vehicle, but is exempt from the motor vehicle excise tax. A licensed dealer may title the vehicle without licensing it. Any vehicle titled by a dealer but not licensed is exempt from the motor vehicle excise tax. A subsequent purchaser shall pay the excise tax. This section does not apply to those motor vehicles required to be titled pursuant to §32-5-27. Source: SL 1986, ch 247, §1; SL 1987, ch 219, §1; SL 1993, ch 225, §1.